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Macroeconomics Macroeconomics deals with the aggregate behavior of all individuals in an economy. It is the study of the behavior an economy at the aggregate level. It is not the study of the level of a specific subgroups or individuals (which is…
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Economic growth Economic growth has been defined as the quantitative increase in the volume of goods and services in the economy overtime. It is a positive change in the level of production of goods and services by a country over a certain…
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A job ravenously while Far much that one rank beheld after outside….
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Regional integration (economic integration) Regional integration (economic integration) refers to the cooperation of countries – usually geographically close to each other – with the aim of enjoying economic benefits that accrue from trade, tourism and investment. Regional integration helps to create bigger…
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International Trade The buying and selling of goods and services between and among countries. When goods or services are bought from another country this is called import trade and the reverse is export trade. Trade in goods is referred to as visible…
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Taxation Taxation is the most important source of revenue for the government. Taxation is the simply the act of levying taxes. A tax is a compulsory charge or payment imposed by government on individuals or corporations/businesses. The individuals or entities which are…
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Public Revenue This is one of the branches of public finance. It deals with the various sources from which the state might derive its income. These sources include incomes from taxes, commercial revenues in the form of prices of goods and services…
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The five parts of a financial system Money: A commodity which is used as a means of payment for exchanging goods or services. The US they use the US dollars as legal tender. In Uganda the Uganda Shilling is legal tender (as…
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MONETARY POLICY The monetary policy has either positive or negative influence on the money multiplier and ultimately money supply. This will depend on whether reserve requirements are raised or lowered. If the reserve requirements are raised, the value of reserve ratio will…
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Inflation Inflation refers to the continuous rise in the general price level in the economy. It is not just persistent rise in the price level of one commodity. Inflation is a sustained increase in the average price level of a country. The…
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